All of cost of living indexes stated below are relative to a US average of 100. Having an index below 100 indicates that living in Rainbow City is more affordable than the national average. If the index for Rainbow City, AL is above 100, then living there can cost you more money each year. The cost of living in Rainbow City, AL is 89, hence you can say that it is relatively affordable to reside there.
Cost of Living in Rainbow City, AL (Indexes)
- Overall – 89
- Grocery – 96.3
- Health – 117.6
- Housing – 61.8
- Median Home Cost – $180,300
- Utilities – 102.4
- Transportation – 86
- Miscellaneous – 69.7
Compared to the national average, the cost of living in Rainbow City is 11 percent cheaper, at 89 against 100.
Alabama has a cost of living index of 90 and Rainbow City is comparably 1 percent lower.
Among the 6,418 communities we examined in Alabama, Rainbow City has the 1,460th-lowest cost of living. That would put Rainbow City’s in the Heart of Dixie at the 4,958th spot for the most expensive place to live.
Housing Cost Breakdown in Rainbow City, AL
Since housing costs are the primary factor in determining overall cost of living differences throughout Alabama’s regions, we dug deeper into the data to get a clearer picture. In order to conduct fair comparisons between areas, it is useful to know the median household income in each.
- Median Home Cost – $180,300
- Median Rent – $846
- Median Income – $48,644
- Home Value to Income – 3.4x
- Rent to Monthly Income – 0.21x
Things to Do in Rainbow City, AL
Rainbow City, AL is home to a broad array of amenities and activities for elderly and other people of all ages. Here are several things you can do in this family-friendly city:
- Wills Creek Big Warehouse
A storefront in Gadsden, Alabama, stocking goods from a wide range of suppliers. They have a wide variety of brand-new furniture for your home, including beds, tables, couches, and more. Antique and painted furniture, Dixie Belle Chalk Paint, specialty goods, and one-of-a-kind stores are available from additional merchants there.
- Martin Wildlife Park Trail
Many regular hikers visit this park in the mid-morning for the perfect weather. The trail is well-maintained and clean while also providing hikers with ample shade. Hiking this trail can help you relax through its scenic views and company from mostly friendly people.
- Jack L. Ray Family Park
A nice place to rest and relax with the whole family, the park offers a picnic area which is well-shaded by trees. You can spend quality time with your loved ones while enjoying a stunning view of the river. Parking is accessible and for fishing enthusiasts, there is a dock to carry out your hobby. Swimming is also permissible at a second dock.
- Gadsden Variety Antique Mall
A great mall to visit if you are looking for some antiques for yourself or as a gift for a loved one. It has an extensive selection of antiques and also provides shoppers with a wide range of dining options right on site. Antique lovers will love it here, where they can shop for goodies while enjoying a beautiful atmosphere.